Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
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SA reacts as SARB governor Lesetja Kganyago cuts repo rate by 25 basis point to 10.5 percent
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London mayor urges closer UK ties with EU
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Temporary channels being created to aid Baltimore bridge response
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Dollar weakens further as rate cut bets build, but equities mixed
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Illegal mining, smuggling threaten Ghana's cocoa industry
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Monet painting fetches $35 million at New York auction
A Monet sold for nearly $35 million at auction Wednesday evening, Sotheby's said, marking a solid start to New York's spring art sales. Christie's, meanwhile, sold some $115 million in contemporary art the prior evening, including a Jean-Michel Basquiat painting for $32 million.
Asian markets track Wall St records after US inflation data
Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year. Tokyo also advanced, even after data showed Japan's economy shrank more than expected in the first three months of the year.
What will be the repercussions of Biden's new China tariffs?
US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties. - What about green tech prices?
Mission impossible? Next Boeing CEO faces pile of problems
Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search. Given the depth of the problems, some Boeing watchers argue the company needs to make profound changes beyond the executive-suite shakeup already announced, which keeps Calhoun in his post through December.
Japan economy suffers worse-than-expected contraction of 0.5%
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government. In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.
IMF approves use of reserve assets for 'hybrid' financial instruments
The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.
Victoria's Secret reviving fashion show after six-year hiatus
American lingerie giant Victoria's Secret announced Wednesday that its annual fashion show, scrapped after 2018 due to sluggish sales and diminishing audiences, will return this fall bringing high-profile models back onto its catwalk.
Modest Mexican taco restaurant wins Michelin star
A hole-in-the-wall taqueria that offers just four types of tacos and two salsas is among the first restaurants in Mexico to be awarded a star by the prestigious Michelin Guide. Two decidedly more upmarket Mexico City restaurants were each awarded two stars.
What's next for Boeing after the US says it can be prosecuted?
The Department of Justice said that Boeing can be prosecuted for violating a 2021 criminal settlement over the certification of the 737 MAX. The DOJ determination, filed in US court in Texas on Tuesday, comes on the heels of a near-catastrophic Alaska Airlines flight in January that made an emergency landing after a panel on the fuselage blew out.
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